I have a sole Trader and he gives his daughter name XXXXX an amount of pocket money each week from his account.
I import the bank statements.
I would like to record that he is paying XXXXXX some where and then be able to print out the transactions or very least the total . I am not sure where to set this up and how to get the report I need
These withdrawals are, from the sole trader’s perspective, drawings against a capital account or owner’s equity (depending on how the chart of accounts is set up). They could be allocated by bank rule if there is a recognizable feature. Individual payments must be printed while viewing them under the Cash Accounts tab. They can be exported, sorted, etc.
So I could make another sub account under capital accounts called XXXXX and code it to there? but in the balance sheet it will just show a total capital account amount.
Yes
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